PagSeguro releases Chip & Pin reader for mobile phones and tablets

SAO PAULO, March 26, 2014 /PRNewswire/ -- PagSeguro (http://www.pagseguro.com.br), a leading provider of online and mobile payment solutions for the Brazilian market, has released a credit and debit card chip reader for cell phones and tablets.

"With the chip and PIN version of PagSeguro, self-employed professionals, contractors, store owners, and small retailers now are able to increase their earnings by accepting credit and debit cards anywhere, anytime, just by using their mobile phones or tablets," said PagSeguro Director, Ricardo Dortas.

The PagSeguro credit and debit card chip and PIN reader is secure and easy to use, without any monthly fees or upfront payments. It is especially suited to the Brazilian market, where most credit and debit cards feature EMV chips.

The PagSeguro card chip and PIN reader also supports installments, a popular payment form in Brazil. It allows buyers to pay for a product or service in up to 12 installments.

To ensure a safe buying process, no information is stored on the reader and all data is encrypted before being transmitted. When the transaction is successfully completed, a receipt may be e-mailed to the buyer. To purchase the card chip and PIN reader, the merchant must sign up on the PagSeguro website or the PagSeguro mobile app available from Google Play. The app supports Android version 2.2 and later (iOS version to be released soon) and connects to the reader using Bluetooth.

PagSeguro is a UOL (http://www.uol.com.br) company. It has helped bring digital payment methods to entrepreneurs plus small and medium retailers, offering secure payment processing services to those who want to improve their business.

About PagSeguro

PagSeguro is an online and mobile payment processing solution. It provides the ability to pay for products and services through the most popular payment methods in Brazil, including credit card, bank transfer, payment slips ("boleto bancario"), and the balance of a buyer's PagSeguro account. PagSeguro is owned by UOL, the leading Internet company in Brazil. It is committed to providing a secure payment environment and to reducing the barriers for Web commerce. For more information, please see http://www.pagseguro.com.br.

About UOL

UOL is the leading Internet content and services provider in Brazil, serving more than 6.7 billion page views per month, according to Omniture. The UOL home page gathers more than 50 million unique visitors every month. A pioneer in Internet services in Brazil, UOL offers the largest volume of Internet content in Portuguese, featuring more than 1,000 news, information, entertainment, and service channels. UOL provides the largest Brazilian platform for Internet products and services in the areas of advertising, mobile, online payment (PagSeguro), e-commerce (Shopping UOL, TodaOferta), and Web hosting and security (UOL Host and UOL Diveo). Please see www.uol.com.br for more information.